Volume 7 – Number 1 (January 28, 2016)

Volume 6 – Number 4 (October 30, 2015)

Introduction

Hello everyone,

Rarely has a quarter ever been as enjoyable for Rivemont Investments as this one was. The primary objective of our overall strategy of technical analysis and trend-following is to ensure that investors avoid serious losses when markets are in sharp decline. While U.S. and Canadian markets experienced a disastrous third quarter with respective losses of 6.5% and 7.7%, none of our portfolios lost value during the same period. In addition, the Rivemont Absolute Return Fund, which has a mandate to generate positive returns in all market conditions, had an exceptional quarter with a return of 17%. Our conservative approach, which aims to reduce volatility, especially in difficult times, clearly delivered.

Volume 6 – Number 3 (July 31, 2015)

Introduction

Hello everyone,

Five years already!

Five short years ago, Daniel, Marc-André, Jonathan, Brigitte, Jean-Paul, Patrick and François placed their trust in our new firm, Rivemont Investments, by investing all of their savings with us. Thank you again for believing in us. We have come a long way since those humble beginnings.

To be solely responsible for the savings of an individual is a commitment that I have not taken lightly. I believed deeply that the investment strategies that I developed during the previous ten years would allow my new clients to become richer if they chose me as their manager.

Volume 6 – Number 2 (April 30, 2015)

Introduction

Hello everyone,

Our lives have never been safer. We live longer and most of us never experience life-altering catastrophes like war or famine. In general, risks have decreased drastically with a resulting increase in life expectancy of over 60% during the last century. Antibiotics have greatly reduced the risk of infections, and our quality of life has never been better. Despite all of this, we worry more than we ever have. The dangers faced by our ancient ancestors ‒ such as being attacked by a tiger or an enemy tribe ‒ are gone, but our defence mechanisms are still on alert. Without realizing it, we turn our focus to potential hazards, rather than those that are real and present.

Volume 6 – Number 1 (January 30, 2015)

Introduction

Hello everyone,

The year 2014 is behind us and we can now reflect on how interesting it was in terms of investment decisions.

Several obstacles arose in the markets, especially in the second half of the year. At the same time, 2014 offered many opportunities that allowed us to finish in positive territory for all types of portfolios.

Volume 5 – Number 4 (October 31, 2014)

Introduction

Hello everyone,

It was on the morning of September 19 that we made the important decision.

In the first two hours after Canadian markets opened, Rivemont Investments sold millions of dollars in shares. In the following days, other shares were sold. As a result, our portfolios held a very large portion of their assets in cash. At the same time, high-yield bonds were sold in exchange for Canadian government bonds, which are less risky. Finally, the Absolute Return Strategy, which relies heavily on a market decline, was able to acquire short positions in gold, oil and the high tech industry.

Volume 5 – Number 3 (August 1, 2014)

Introduction

Hello everyone,

The second quarter ended on a high note with North American indices setting new record highs. As has been the case from the firm’s beginnings, our clients’ savings are growing at a rapid pace and continue to outperform benchmark indices by several percentage points. However, since the beginning of 2014, a 5% increase of the Canadian dollar against the U.S. dollar resulted in a slight decline in our “outperformance” by the same number of percentage points. In our opinion, these fluctuations will adjust themselves automatically over the long-term, so we expect this to be temporary.

Volume 5 – Number 2 (May 1, 2014)

Introduction

Hello everyone,

The first quarter of 2014 was marked by a surprising event, the magnitude of which most people have yet to grasp. On March 9, the U.S. bull market celebrated its 5th anniversary by setting new record highs. From its lowest level at 676.53 points on the S&P 500 index, it grew by over 175%, almost three times its value! Many of us still have vivid memories of the financial chaos that hung over Wall Street five years ago in March 2009. It was difficult to predict that this would be the perfect opportunity for a whole generation to invest in the stock market. At Rivemont Investments we don’t attempt to predict the future but we are able to see a turnaround when one presents itself and we are able to follow the trends with discipline and detachment. This approach has allowed us to take advantage of this unprecedented bull market more than most.

Volume 5 – Number 1 (February 1, 2014)

Introduction

Hello everyone,

For the fifth consecutive year, I am pleased to send out this financial newsletter to communicate with our current and potential investors. Many of you have confirmed that this is a nice way to stay in touch. For me, writing the newsletter is a good way to share my ideas and provide a quick overview of our achievements. I must admit, of course, that it is always easier to write this newsletter when I have good news to share. Fortunately, this is the case again this year!

Volume 4 – Number 4 (November 1, 2013)

Introduction

Hello everyone,

The third quarter of the year was a busy one, especially at the corporate level. First, the surprise announcement of the acquisition of TD Waterhouse Institutional Services by National Bank is certainly the measure that will have the greatest impact on our customers and our business processes. Fortunately, it is likely that these effects will be positive since our new trustee and custodian of assets has pledged to invest heavily to improve its already high-performing systems. In addition, some tools already used by the National Bank should help us to monitor our portfolios. Rest assured, of course, that we will monitor the transfer carefully when it takes place.

Volume 4 – Number 3 (August 1, 2013)

Introduction

Hello everyone,

The second quarter of 2013 went fairly smoothly and resulted in a positive yield for our customers despite Canadian bond and stock markets dropping by 3% and 5% respectively. Many people ask me how it is possible to obtain a positive return when the market does not perform well. I have dedicated a portion of this newsletter to the variables that absolutely must be considered by a portfolio manager in order to obtain higher than market returns. If you are not already a customer of ours, this is a great opportunity to check if your portfolio is structured in a manner to increase potential returns.

Volume 4 – Number 2 (May 1, 2013)

Introduction

Hello everyone,

I would like to begin the newsletter with this guiding principle: investing is an exercise in probability. After extensive research, we select securities that are most likely to perform well and then wait to see if our predictions were successful. Unlike in other fields of expertise, it is easy to evaluate our performance. And much like at school, after each quarter we can compare our performance with the market and accurately calculate the added value of the services we provide.

Volume 4 – Number 1 (February 1, 2013)

Introduction

Hello everyone,

For Rivemont Investments, now established in Ottawa for over three years, 2012 was not an ordinary year. In addition to moving into new more suitable premises, we doubled the assets under our management. We would like to once again thank our loyal customers who have renewed their confidence in us year after year. This loyalty is based on a solid foundation. Rivemont Investments continues to deliver. Portfolios with at least two years of calculated yields have surpassed benchmarks. For example, $100,000 invested in a growth portfolio on January 1, 2010, is now worth $102,741, compared to $99,640 for the average performance of our competitors, a difference of more than $3,000. I will provide further details about performance by type of portfolio in a later section of this financial letter.